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How do I know if my retirement plan is ready?

Here’s a checklist with eight things that will help you determine your retirement readiness. 1. Take Inventory of Your Assets Before you can make a plan, or check on your progress, you need to first figure out where you stand financially.

What should I look for in a retirement plan?

Look to your Social Security account, employer-sponsored retirement accounts, individual retirement accounts, and, for some, wages and a pension. Be sure you’re thinking of each income in post-tax dollars, as many retirees fail to factor in taxes. See how your pre-and post-retirement budgets compare.

Are You Ready to retire?

Before handing in your resignation letter, it’s important to consider the core aspects of a successful retirement. Below is a “retirement readiness checklist” to assess whether you are ready to retire: 1. Wipe out all your debt. Debt can be a useful tool in many aspects of life, like buying a home, affording a car or growing your business.

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